Friday, 11 March 2016

Business Structure – Investment Junction

Business Success always depends on
how one organization and follow-up to meet the desired goals. Business can be
organized in various forms such as sole proprietorship, partnership, limited
company (one person Enterprises- OPC, private limited company or public limited
company) or a limited liability partnership (LLP) company.

While choosing a business organization, one must
have an understanding of the different types of business structures, advantages
and disadvantages, and suitability need to work etc.

In India, there are several forms, and
business organizations in the sense sole proprietorship, partnership Co.,
Limited and Limited Liability Partnership (LLP).

Basically these organizations are
classified in the structures incorporated and personal. Company LLP and
business organizations are included, partnership and personal institution is a
company the individual structures. The establishment of business structures
established under the relevant laws such as the Companies Act and the law of a
law firm and will be treated as separate legal entities.

The establishment of a partnership
agreement between the partners and the partnership is governed by law. It is
not mandatory to register the partnership, even if it has been registered under
the Partnership Act, it does not give a legal status. An individual can start a
sole proprietorship by opening a bank account at a bank. Individual institution
does not require registration.

Business structures have certain
advantages listed on the individual businesses.